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dc.contributor.authorLusardi, Annamariaen_US
dc.contributor.authorMitchell, Olivia S.en_US
dc.date.accessioned2008-03-12en_US
dc.date.accessioned2009-07-24T13:48:37Z-
dc.date.available2009-07-24T13:48:37Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:hebis:30-52384-
dc.identifier.urihttp://hdl.handle.net/10419/25538-
dc.description.abstractMany older US households have done little or no planning for retirement, and there is a substantial population that seems to undersave for retirement. Of particular concern is the relative position of older women, who are more vulnerable to old-age poverty due to their longer longevity. This paper uses data from a special module we devised on planning and financial literacy in the 2004 Health and Retirement Study. It shows that women display much lower levels of financial literacy than the older population as a whole. In addition, women who are less financially literate are also less likely to plan for retirement and be successful planners. These findings have important implications for policy and for programs aimed at fostering financial security at older ages.en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2008/03en_US
dc.subject.jelD91en_US
dc.subject.ddc330en_US
dc.subject.keywordAgingen_US
dc.subject.keywordFinancial Literacyen_US
dc.subject.keywordGender Issuesen_US
dc.subject.stwAlterssicherungen_US
dc.subject.stwSparenen_US
dc.subject.stwKapitalanlageen_US
dc.subject.stwWissenen_US
dc.subject.stwFrauenen_US
dc.subject.stwArmuten_US
dc.subject.stwUSAen_US
dc.titlePlanning and financial literacy: How do women fare?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn559761694en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cfswop:200803-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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